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H. B. No. 1522 *HR26/R1525* ~ OFFICIAL ~ G1/2
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To: Banking and Financial
Services
MISSISSIPPI LEGISLATURE REGULAR SESSION 2026
By: Representative Yancey
HOUSE BILL NO. 1522
AN ACT TO AMEND SECTION 81-18-33, MISSISSIPPI CODE OF 1972, 1
TO REVISE INFORMATION REQUIRED TO BE INCLUDED IN MORTGAGE 2
ORIGINATION AGREEMENTS; AND FOR RELATED PURPOSES. 3
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI: 4
SECTION 1. Section 81-18-33, Mississippi Code of 1972, is 5
amended as follows: 6
81-18-33. (1) The individual borrower files of a licensee 7
shall contain at least the following: 8
(a) A mortgage origination agreement provided to the 9
borrower containing at least the following statements: 10
(i) "As required by Mississippi Law, (licensed 11
company name) has secured a bond issued by (name of insurance 12
company), a surety company authorized to do business in this 13
state. A certified copy of this bond is filed with the 14
Mississippi Commissioner of Banking and Consumer Finance." 15
(ii) "As a borrower you are protected under the 16
Mississippi S.A.F.E. Mortgage Act." 17
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(iii) "Complaints against a licensee may be made 18
by contacting the: 19
Mississippi Department of Banking and 20
Consumer Finance 21
P.O. Drawer 12129 22
Jackson, MS 39236-2129"; 23
(b) A copy of the original loan application signed and 24
dated by the licensee; 25
(c) A copy of the signed closing statement * * * if 26
required under federal law or documentation of denial or 27
cancellation of the loan application; 28
(d) A copy of the loan estimate of costs provided to 29
the borrower if required under federal law; 30
(e) A copy of the appraisal or statement of value if 31
procured as a part of the loan application process; 32
(f) A copy of a loan lock-in agreement, if any, 33
provided by the licensee; 34
(g) A copy of * * * all disclosures required * * * to 35
be provided under applicable and other disclosures as required 36
under federal regulations and evidence that those disclosures have 37
been properly and timely made to the borrower; 38
(h) A copy of the final signed * * * application * * *; 39
and 40
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(i) Additional information as required per the rules 41
and regulations adopted by the commissioner according to Section 42
81-18-29. 43
(2) The individual servicer files of a licensee shall 44
contain at least the following: 45
(a) A copy of the original initial loan application 46
signed and dated by the licensee or originating lender; 47
(b) A copy of the final loan application signed and 48
dated by the licensee or originating lender; 49
(c) A copy of the signed closing statement * * * if 50
required by federal law or documentation of denial or cancellation 51
of the loan application; 52
(d) Modification agreements; 53
(e) Collection/default letters and related 54
documentation; 55
(f) Addendums, riders, assigned note, if applicable; 56
(g) Complete pay history from the time the loan was 57
transferred or boarded; 58
(h) Complete comment/note history from the time the 59
loan was transferred or boarded; and 60
(i) Additional information as required per the rules 61
and regulations of this chapter as deemed by the commissioner 62
according to Section 81-18-29. 63
(3) No provision of this act and/or rules or regulations of 64
the Mississippi Department of Banking shall be interpreted to 65
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ST: Mortgage agreements; revise info included
in.
require a licensee to provide and/or retain disclosures required 66
by federal law in connection with a residential mortgage loan 67
unless such federal disclosures are required to be provided by 68
federal law. 69
SECTION 2. This act shall take effect and be in force from 70
and after July 1, 2026. 71